I was down at the Russell Island ferry terminal this week looking at the notice board and I saw these two ads. With a very low vacancy rate on the islands (around 1%), people are being dislocated from the community as rents are rising.
SMBI CLT is trying to do something about this, and we are hoping that it is not going to be a case of too little too late.
If anyone is concerned about the situation on the islands, please feel welcome to contact us. No one can solve this problem alone. It will require a community effort.
On a positive note, we went unconditional on the lot that we are purchasing.
More to follow 🙂
